Multiple Choice Quiz

Choose the best answer for each of the following questions and enter the identifying letter in the space provided.

1		Which of the following organizations did not participate in the Seaview Symposium of 1970?
			A)	AICPA
			B)	FEI
			C)	IMA
			D)	None of the foregoing
2		The Treadway Commission's 49 recommendations did not include any directed to:
			A)	The Commodity Futures Trading Commission
			B)	The Securities and Exchange Commission
			C)	Financial institution regulators
			D)	State boards of accountancy
3		The 1988 revision of the AICPA Code of Professional Conduct was triggered by the report of the:
			A)	Anderson Committee
			B)	Treadway Commission
			C)	Seaview Symposium
			D)	Cohen Commission
4		Compliance with generally accepted accounting principles is required specifically by the ethics code of:
			A)	The IMA
			B)	The FEI
			C)	The AICPA
			D)	All the foregoing
5		According to the AICPA's Rules of Professional Conduct, the interests of clients and employers of AICPA members are best served when the members fulfill their responsibility to:
			A)	Clients and employers
			B)	The AICPA
			C)	The SEC
			D)	The public
6		Do the AICPA's Rules of Professional Conduct require members not in public practice of accounting to maintain: Independence? Objectivity?
			A)	Yes Yes
			B)	No Yes
			C)	Yes No
			D)	No No
7		Standards of Ethical Conduct for Practitioners of Management Accounting and Financial Management were issued by the Financial Executives Institute.
			A)	True
			B)	False
8		The Code of Ethics of the Financial Executives Institute specifically prohibits conflicts of interest.
			A)	True
			B)	False
9		A member of the AICPA not in public practice need not comply with Rule 101 Independence of the AICPA's Rules of Professional Conduct.
			A)	True
			B)	False
10		"Cooking the books" refers to stretching the form of accounting standards to the limit, regardless of the underlying substance of the business transactions or events.
			A)	True
			B)	False